I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.
Now they are both in freefall and I'm considering an entry point.
How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?
Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?
Or do you get buy targets from another source?
When things are plunging or spiking my best advise would be to just cost average in. Many reasons for it but for me it limits the downside risk so if you buy a little and it keeps falling you aremt all in and can continue to buy. It eliminates the need to try to call the bottom. And if it spikes its not like you were completely out of it and can catch some of the uptick. Either way good luck with your adventure on stacking sats!